Senate blocks bill to suspend debt limit, avert government shutdown that may delay Social Security

https://www.foxbusiness.com/personal-finance/senate-debt-ceiling-update-government-shutdown-social-security

Failure to raise or suspend the debt ceiling could also lead to delays in Social Security and child tax credit checks this October. Yellen said that about 50 million seniors would be impacted, alongside millions of American families who rely on the child tax credit to make ends meet. Federal employees may also experience paycheck delays.

>>14688534

https://nypost.com/2021/09/29/house-dems-pass-debt-ceiling-increase-that-wont-bypass-senate/

House Democrats passed standalone legislation to raise the debt ceiling on Wednesday in a 219-212 vote, which is expected to be blocked by GOP lawmakers in the Senate in coming days.

Its largely symbolic passage comes two days after GOP lawmakers in the upper chamber blocked a House-passed stop-gap measure to keep the government funded through Dec. 3 and increase the federal government’s borrowing limit in addition to providing disaster relief and funds for the resettlement of Afghan refugees. Republicans in both chambers have said they won’t support raising the debt limit, arguing it would greenlight “inflationary spending” for Democrats’ partisan priorities as they look to move forward with a sweeping social spending bill aimed at tackling an array of the Biden administration’s top priorities.

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